While a coworker shoutout on Slack or a “job well done” from a manager may grant some momentary warm and fuzzies, it takes time to truly develop a robust culture of employee recognition.
Companies that have adopted an attitude of gratitude, however, are finding that these efforts are well worth the investment.
Studies show that employee recognition, from both peers and managers, significantly impacts team members’ day-to-day operations and long-term career journeys. In a study of organizations with recognition platforms, Deloitte found that employee productivity, performance and engagement were 14 percent higher compared to companies without these programs. According to SurveyMonkey, 63 percent of employees who feel recognized at work are unlikely to look for a new job.
At the five companies featured below, leaders are committed to making space for and investing in initiatives that validate employees and acknowledge their professional contributions. Before celebrating individuals, these leaders get to know whether their team members prefer to receive kudos one-on-one, in small groups or publicly at all-hands meetings.
The leaders — from Attain, Crafty, Kalderos, Fusion Risk Management, and Inspirant Group — also stressed that recognition should be timely, specific, consistent and authentic. They connected with Built In Chicago to share these tips and more on the art of appreciation.
https://www.builtinchicago.org/2023/04/26/companies-regularly-recognize-employee-efforts
